India’s foreign exchange reserves rose by $964 million to $675.16 billion for the week ended July 10, 2026, according to data released by the Reserve Bank of India (RBI) on Friday.In the preceding week, the country’s forex reserves had risen by reserves rose by $7.26 billion to $674.19 billion, reversing the decline recorded in the previous week.The latest RBI data showed that foreign currency assets (FCAs), the largest component of the country’s forex reserves, increased by $930 million to $546.51 billion during the reporting week. FCAs reflect the impact of fluctuations in the value of major non-US currencies such as the euro, pound sterling and Japanese yen against the US dollar.India’s gold reserves also recorded an increase, rising by $24 million to $105.23 billion.
Meanwhile, the country’s Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $3 million to $18.626 billion, while India’s reserve tranche position with the IMF edged up by $7 million to $4.793 billionEarlier this year, India’s reserves had touched a record high of $728.494 billion during the week ended February 27. However, escalating tensions in the Middle East triggered sustained pressure on the rupee, prompting the RBI to intervene in the foreign exchange market through dollar sales, which contributed to a decline in reserves over subsequent weeks.
